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TIEA Connectors raises Rs 22 Cr co-led by Jamwant Ventures and Valour Capital

EntrackrEntrackr · 9m ago
TIEA Connectors raises Rs 22 Cr co-led by Jamwant Ventures and Valour Capital
Medial

TIEA Connectors, a Bengaluru-based company specializing in the design, development, and manufacturing of customized industrial electronic and electrical interconnect solutions, has raised Rs 22 crore ($2.57 million) in its latest funding round. The round was led by Jamwant Ventures and Valour Capital, with participation from 8X Ventures and IvyCap. The Dharwad-based company had previously raised $1.43 million from Plantain Tree Ventures. The proceeds will be used to scale its operations, drive innovation, and continue delivering solutions to its customers, TIEA Connectors said in a press release. Co-founded in 2019 by Ajith Sasidharan and Punit Shridhar Joshi, TIEA Connectors is incubated at the Indian Institute of Science (IISc) and continues to collaborate with IISc on cutting-edge developments. With multiple patents granted, it remains committed to driving technological innovation and advancing India's indigenous ESDM capabilities. According to TIEA Connectors, its products are essential components across multiple sectors, including electric vehicles (EV), aerospace, consumer electronics, and defense. Specializing in the design, development, and manufacturing of various types of interconnect solutions, the company claims to have collaborated with industry leaders in the EV, aerospace, and defense sectors. TIEA claims to have grown 4x in FY25 and is currently operating at 90% manufacturing capacity. TIEA plays a crucial role by producing high-quality components that have traditionally been imported, with a focus on performance, cost efficiency, and R&D—particularly in wireless power transfer and fire-retardant connectors.

Alt DRX raises Rs 23 Cr from Qatar Development Bank, others

EntrackrEntrackr · 9m ago
Alt DRX raises Rs 23 Cr from Qatar Development Bank, others
Medial

Alt DRX raises Rs 23 Cr from Qatar Development Bank, others Alt DRX, a Bengaluru-based startup working on tokenised digital real estate, has raised Rs 23 crore ($2.7 million) in a funding round from institutions including Qatar Development Bank, WeFounder Circle Angel Fund, and nX Capital. Individual investors such as commentator Harsha Bhogle, Mindtree founder Parthasarathy, and former KPMG India CEO Richard Rekhy also joined. The proceeds will be used for customer acquisition, improving its technology platform, and managing operational costs. Founded by Anand Narayanan, Alt DRX allows users to invest in residential real estate by purchasing tokenised units measured by square foot. Transactions are settled through an algorithmic pricing model and blockchain infrastructure. It operates on XRPL Ripple’s blockchain and maintains a custodial ledger for KYC-approved users. This structure supports digital ownership and transaction records. Alt DRX has also joined Qatar Financial Centre’s Digital Assets Lab and participates in IFSCA’s innovation sandbox at GIFT City. According to a report by BCG and Ripple, the tokenisation of real-world assets could reach $18 trillion by 2033, with real estate as one of the key segments. Alt DRX currently handles around 100,000 transactions per year.

Nila Spaces acquires minority stake in fintech startup Alt DRX

EntrackrEntrackr · 3d ago
Nila Spaces acquires minority stake in fintech startup Alt DRX
Medial

Nila Spaces, a design-led real estate developer, has invested Rs 6 crore to acquire an approximately 1.4% minority stake in Alt DRX, a fintech startup at the forefront of asset and real estate tokenization in India. According to Nila Spaces, the investment signals a decisive step in accelerating the transition of real estate tokenization from early adoption to scaled growth. The current funding round has also seen participation from global institutions and Indian family offices. The Ahmedabad-based company says that the partnership with Alt DRX reinforces the company’s commitment to financial innovation that expands access, transparency, and long-term value creation in housing. The collaboration will focus on developing regulatory-compliant, investor-friendly tokenized housing products, enabling fractional ownership and lowering entry barriers for a wider demographic, while maintaining institutional-grade governance and transparency. Led by Deep Vadodaria, Nila Spaces is a real estate development company part of the Sambhaav Group. It specializes in developing residential and commercial projects, focusing on affordable housing, luxury apartments, and projects within GIFT City. The company has a significant land bank in Gujarat. Launched in 2021 by Anand Narayanan KB, Alt DRX is a Bengaluru-based fintech prop-tech startup that enables fractional ownership of residential real estate, allowing users to buy and sell property in increments as small as 1 square foot. The platform uses blockchain technology (Ripple's XRPL) for secure, transparent transactions and offers rental income alongside potential capital appreciation.

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